PLEASANTON, CA—Richard Harry Sauer, Chief Legal Officer and Secretary at Workday, Inc. (NASDAQ:), a $66.35 billion market cap software company, recently executed a series of stock sales amounting to $926,231. The transactions, which took place on January 7, involved the sale of 3,677 shares of Class A Common Stock. The shares were sold at prices ranging from $251.4805 to $253.19, near the middle of the stock’s 52-week range of $199.81 to $311.28.
These sales were conducted under a pre-established Rule 10b5-1 trading plan, which Sauer adopted on June 7, 2023. Following these transactions, Sauer holds 79,576 shares of Workday’s Class A Common Stock, including 68,842 restricted stock units. According to InvestingPro, Workday maintains strong financial health with robust liquidity, as current assets exceed short-term obligations by more than 2x.
Additionally, on January 5, Sauer disposed of 2,542 shares to cover tax obligations associated with the vesting of restricted stock units, valued at $642,719. These shares were withheld by the issuer, Workday, Inc., for tax purposes. For deeper insights into Workday’s valuation and 12+ exclusive ProTips, visit InvestingPro, where you’ll find comprehensive analysis in our Pro Research Report.
In other recent news, Workday has seen significant developments, including an upgrade from Guggenheim and a share target increase by RBC Capital Markets. Guggenheim revised the company’s rating from Sell to Neutral, acknowledging the company’s quality despite a shift in growth dynamics. RBC Capital Markets increased its price target for Workday, signaling confidence in the company’s prospects bolstered by a 16.8% revenue growth.
Workday’s subscription revenue growth has decelerated with an 18.6% increase in FY24 and a 16.7% rise in FY25, yet the company maintains a strong financial health score. The company’s new management has initiated strategies for market expansion, targeting small to medium-sized businesses (SMBs). Analysts believe that if Workday meets its fourth-quarter guidance, the new Annual Contract Value (ACV) growth for subscription revenues could remain flat in FY26.
Workday’s recent developments also include a 16% increase in Q3 subscription revenue. However, the fiscal year 2026 subscription growth forecast was adjusted to a slightly lower 14%. Despite these changes, analyst firms TD Cowen and Oppenheimer maintained their positive ratings, while Goldman Sachs reduced its price target but sustained a Buy rating.
Furthermore, Workday is set to join the S&P 500 Index, a significant event reflecting the company’s strong market capitalization and liquidity. Piper Sandler analysts, following the 2025 CIO Survey, indicated a strong outlook for IT spending, which could benefit companies like Workday. Lastly, Workday received a sustained Buy rating and a price target of $290.00 from TD Cowen, reflecting confidence in Workday’s long-term prospects despite current economic challenges.
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